Gap’s Profits Rise, But Not Because They’re Selling More Clothes
11/21/08 at 11:08 AM
Gap's third-quarter net earnings are up 3.4 percent. The growth comes not from sales, which are declining, but improved margins — the company's strategy for earning money in recent quarters. The company's biggest in-store sales decline occurred at Old Navy, which suffered an 18 percent drop. [WSJ]
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